Today's coffee price , November 28, 2024, on the world market, at 4:30 am, was updated on the MXV Vietnam Commodity Exchange (world coffee prices are continuously updated by MXV, matching the world exchanges, the only channel in Vietnam that continuously updates and links with the world exchanges). Today's online coffee prices of the three main coffee futures exchanges ICE Futures Europe, ICE Futures US and B3 Brazil have been continuously updated by Y5 Cafe throughout the trading hours of the exchange, updated as follows:
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| Robusta Coffee Price London November 28, 2024 |
At the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on November 28, 2024 continued to increase sharply, with a high increase ranging from 358 - 390 USD/ton, an increase of 5,533 - 5,360 USD/ton. Specifically, the delivery period for January 2025 is 5,533 USD/ton (an increase of 358 USD/ton); the delivery period for March 2025 is 5,469 USD/ton (an increase of 382 USD/ton); the delivery period for May 2025 is 5,434 USD/ton (an increase of 383 USD/ton) and the delivery period for July 2025 is 5,360 USD/ton (an increase of 390 USD/ton).
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| New York Arabica Coffee Price November 28, 2024 |
Similar to the London floor, the price of Arabica coffee on the New York floor on the morning of November 28, 2024 also continued to increase compared to the previous trading period, increasing from 14.20 - 14.60 cents/lb, fluctuating from 310.20 - 323.05 cents/lb. Specifically, the delivery period for March 2025 is 323.05 cents/lb (up 14.20 cents/lb); the delivery period for May 2025 is 320.70 cents/lb (up 14.40 cents/lb); the monthly period for July 2025 is 315.70 cents/lb (up 14.60 cents/lb) and the monthly period for September 2025 is 310.20 cents/lb (up 14.45 cents/lb).
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| Brazilian Arabica Coffee Price November 28, 2024 |
At the end of the trading session, the price of Brazilian Arabica coffee on the morning of November 28, 2024 increased in some terms compared to November 27, with an increase of 8.25 to 25.65 USD. Specifically, the delivery term for December 2024 was 399.20 USD/ton (up 8.25 USD/ton); the monthly term for March 2025 was 400.05 USD/ton (down 2.65 USD/ton); the monthly term for May 2025 was 400.05 USD/ton (up 19.05 USD/ton) and the delivery term for July 2025 was 393.25 USD/ton (up 25.65 USD/ton).
Robusta coffee traded on the ICE Futures Europe (London exchange) opens at 16:00 and closes at 00:30 (next day), Vietnam time. Arabica coffee traded on the ICE Futures US (New York exchange) opens at 16:15 and closes at 01:30 (next day), Vietnam time. For Arabica coffee traded on the B3 Brazil exchange, it will open from 19:00 – 02:35 (next day) Vietnam time.
Domestic coffee prices were updated at 4:30 a.m. on November 28, 2024. Domestic coffee prices continued to increase compared to the previous trading session, increasing sharply by about 2,300 VND/kg. Currently, the average coffee purchase price in the Central Highlands provinces is 124,000 VND/kg.
Specifically, the coffee purchase price in Gia Lai province is at 123,900 VND/kg; the coffee purchase price in Dak Nong and Dak Lak provinces is at the highest price of 124,100 VND/kg.
The price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at 123,500 VND/kg.
Coffee prices today (November 28) in Dak Lak province; in M'gar district, coffee is purchased at 124,000 VND/kg, and in Ea H'leo district, Buon Ho market is purchased at 123,900 VND/kg.
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| Domestic coffee prices on November 28, 2024 |
Coffee is one of the main crops of Gia Lai province. Currently, Gia Lai province has more than 105 thousand hectares of coffee, of which more than 80 thousand hectares are commercial coffee, concentrated in key areas such as Dak Doa, Ia Grai, Chu Prong, Chu Pah, Mang Yang, Duc Co, Kbang, Chu Se and Chu Puh.
Similarly, Lam Dong province has a large coffee area of over 176 thousand hectares, with an output of about 572 thousand tons. Of which, the coffee area with 4C, UTZ, RainForest certifications... reaches 88 thousand hectares, with an output of 297 thousand tons/year.
According to records, in the past 2 years, coffee prices have increased sharply, so farmers in Lam Dong are very excited. Notably, this is the first crop year that prices have reached 25,000 VND/kg of fresh coffee and 110,000 VND/kg of coffee beans right from the beginning of the season.
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| Domestic coffee prices on November 28, 2024 |
USDA's Foreign Agricultural Service (FAS) recently forecast Brazil's 2024/2025 coffee production at 66.4 MMT, lower than USDA's previous forecast of 69.9 MMT.
The USDA FAS also estimates Brazil’s coffee inventories at 1.2 million bags at the end of the 2024/25 crop year in June, down 26% from the previous season. Additionally, heavy rains in Costa Rica have caused a national emergency and destroyed nearly 15% of the country’s annual coffee harvest, according to estimates by the coffee institute ICAFE.
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